Womi Laghubitta Fourth Quarter Performance Report
July 23, 2019 | Investopaper
Womi Laghubitta has shown impressive growth in the fourth quarter of fiscal year 2075/76. The company reported a surge in net profit by 55.83 percent. The net profit stands at Rs. 6.28 crores, up from 4.03 crores from the previous year.
Womi Laghubitta: Fourth Quarter Performance Report, 2075/76
The financial summary of Womi Laghubitta in the fourth quarter of 2075/76 is shown in the table below:
| HEADINGS | 4TH QTR, 2075/76 | 4TH QTR, 2074/75 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In crores) # | 10.11 | 9.99 | 1.20 |
| RESERVE (Rs. In crores) | 14.42 | 4.11 | 250.85 |
| BORROWINGS (Rs. In Arba) | 1.02 | 0.73 | 39.73 |
| LOANS (Rs. In Arba) | 1.85 | 1.22 | 51.64 |
| NET INTEREST INCOME (Rs. In crores) | 12.84 | 8.42 | 52.49 |
| PROFIT (Rs. In crores) | 6.28 | 4.03 | 55.83 |
| NON PERFORMING LOANS, NPL (%) | 0.54 | 0.65 | |
| COST OF FUND (%) | 10.81 | 10.83 | |
| EARNINGS PER SHARE, EPS (Rs.) | 62.08 | ||
| NETWORTH PER SHARE (Rs.) | 246.66 | ||
| MARKET PRICE PER SHARE (Rs.) | 1,128 | ||
| P/E RATIO | 18.17 |
Paid-up Capital and Reserve of Womi Laghubitta
Womi Laghubitta has a paid-up capital of Rs. 10.11 crores until the end of the fourth quarter. Likewise, the microfinance has accumulated the reserve and surplus of Rs. 14.42 crores. This is a rise of 250 percent from the last year. The company had a reserve of Rs. 4.11 crores in fiscal year 2074/75.
Borrowings And Loans of Womi Laghubitta
The Borrowings and Loans of Womi Laghubitta have increased by 40 percent and 52 percent respectively. The microfinance has borrowed Rs. 1.02 Arba and provided loans of Rs. 0.73 Arba until the fourth quarter of fiscal year 2075/76. Last year, the borrowings and loans stood at Rs. 0.73 Arba and Rs. 1.22 Arba respectively in the fourth quarter.
Net Interest Income and Profit of Womi Laghubitta
Womi Laghubitta has collected net interest income of Rs. 12.84 crores, which is a growth of 53 percent from the previous year. The net interest income stood at Rs. 8.42 crores last year. Likewise, the company has made a net profit of Rs. 6.28 crores. This is almost 56 percent higher than the previous year.
NPL and Cost of Fund
Womi Laghubitta has Non-Performing Loans (NPL) of 0.54 percent at the end of 2075/76. The NPL stood at 0.65 percent in the last year. Likewise, the cost of fund has also declined slightly to 10.81 percent from 10.83 percent in the previous fiscal year.
EPS, Networth, Market Price, and P/E ratio
The earnings per share (EPS) of Womi Laghubitta stands at Rs. 62.08 at the end of the fiscal year 2075/76. Likewise, the net-worth per share is Rs. 246.66. The last traded price (LTP) is Rs. 1,128 which gives the stock the P/E ratio of 18.17.
#Note: Since the company has already closed the book for its upcoming 1:1 right issue, the paid-up capital is likely to double after the adjustment of right. This will cause a decline in EPS by half. Networth Per Share and Market Price will also decline. And, the P/E Ratio will adjust accordingly.
# Womi Laghubitta is in the merger agreement with Nagarik Laghubitta. The financial statements and ratios will vary after the completion of the merger.
